Mexico
6 Leading Fintech Startups from Mexico to Know
Mexico’s startup ecosystem has made notable strides over the past years, facilitated by the country’s strategic location, the size of its market, and its language. Today, its capital city, Mexico City, is home to the majority of the nation’s startups,
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18 Upcoming Fintech Events in Latin America to Attend
Latin America (LatAm) is experiencing a dynamic surge in fintech innovation, emerging as one of the fastest-growing regions in the space globally. As of April 2023, the region was home to about 1,000 active fintech companies with Brazil (466 fintech
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Top 8 Fintech Deals in Latin America in H1 2023
Fintech startups in Latin America (LatAm) raised a total of US$254 million in funding in Q2 2023, bouncing back 69% from Q1’s US$137 million, data from Fintech Global, a provider of fintech information services, show. Despite the quarter-on-quarter (QoQ) rebound,
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European Merchants Tap Latin America E-Commerce Opportunity
Latin America, one of the fastest-growing e-commerce markets globally, has become a preferred destination for European companies looking to expand globally, an appeal that’s owed to the region’s booming smartphone penetration, rapidly digitizing population and improving payment infrastructure, a new
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In Latin America, Fintech is Driving Banking Innovation and Improving Financial Inclusion
The rise of fintech in Latin America (LatAm) over the past decade has shaken up the region’s financial landscape, driving innovation in the banking sector, boosting competition and helping increase inclusion, a new paper by the International Monetary Fund (IMF)
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Warren Buffett-Backed Nubank Crosses 70 Million Users
Nubank has reached 70 million customers in Latin America, with 66.4 million users in Brazil, 3.2 million in Mexico, and more than 400,000 in Colombia — making it the fifth largest financial institution in Brazil in terms of number of
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Stori Becomes Mexico’s Newest Unicorn
Stori, a rapidly growing fintech company offering credit card products to Mexico’s underserved population, today announced its latest round of financing of $150 million, which values the company at $1.2 billion. As a result of this latest round of financing,
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Mexican Fintech Clara Clinches Unicorn Status With US$70 Million Series B
Mexico City-based end-to-end corporate spend management solution Clara has secured US$70 million in a Series B equity financing round. The round was led by Coatue, and takes Clara’s valuation to US$1 billion. With the Series B, Clara has become the
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Visa Invests in LATAM Open Finance Platform Belvo’s US$43 Million Series A
Visa has invested in Mexico City-headquartered open finance API platform Belvo through its US$43 million Series A. The two companies have also signed a strategic partnership to jointly develop open finance solutions in Latin America, a statement from Belvo said.
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Mastercard to Extend Real-Time Payments to Latin America With Arcus Acquisition
Mastercard has acquired Mexico-based Arcus Financial Intelligence to support bill pay solutions and other real-time payment applications across Latin America. Arcus provides bill pay and cash-in, cash-out services for billers, retailers, fintechs and traditional financial institutions in the US and
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